Pakistan to chair World Bank, IMF Boards in 2027
In a key development, Pakistan has been nominated to chair the World Bank Group and IMF Boards of Governors in 2027, the Ministry of Economic Affairs said on Friday, marking the country’s first such appointment since 1953. “Federal Minister for Economic Affairs and Governor WBG for Pakistan, Ahad Khan Cheema, has been formally announced as the incoming Chair of the Boards of Governors of the…
Pakistan has been selected to chair the World Bank Group and International Monetary Fund's Boards of Governors in 2027, according to a statement from the Ministry of Economic Affairs. This marks the country's first such appointment since 1953. Ahad Khan Cheema, Pakistan's Federal Minister for Economic Affairs and Governor of the World Bank Group, has been officially appointed as the incoming Chair for 2027.
This historic milestone comes as Pakistan returns to the chairmanship for the first time in nearly seven decades. The announcement was made during the Plenary Session of the 2026 WBG-IMF Annual Meetings in Bangkok. Upon receiving a briefing from the WBG Corporate Secretariat and meeting with Aradhana Kumar-Capoor, Vice President and Corporate Secretary of the WBG, Cheema emphasized Pakistan's commitment to strengthening the voice of developing countries and promoting effective development financing.
He also expressed gratitude to Carlos Carvallo Spalding, the outgoing Chair of the Boards of Governors, for his stewardship and esteemed the opportunity to learn from his experience.
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